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were house and the largest city. a densely populated district of labor. japan pose a newly elected prime minister is vowing to -- japan's newly elected prime minister is vowing to -- >> a second chance to make a mark. he stages a comeback of his career, and japan -- named japan's prime minister again. it set off political instability, and i want to learn from the previous experience. including the setbacks. >> the immediate challenge is the economy. years of industrial decline, an aging population, and slumping exports have drags japan and the stagnation. they increase public spending and revitalize growth. >> he has shown to the nation that his administration has to be the wind that could pull out japan's economy. >> of the nationalist politics will be tested, especially in an ongoing territorial dispute with china. they have long wanted to rewrite the pacifist constitution that allows only a military for self-defense. >> this is how to reshape of the culture of japanese postwar society. he has written about these things in the past and that is what he is concerned with. >> a cabi
avoid a recession in q4. >>> and japan's business sentiment sours in the fourth quarter. this reading comes two days before a nationwide vote that suggests it will hand the ldp position a landslide win. >>> we're going to give you all the latest results from the flash december data for the pmi for the eurozone that we're just getting out. the overall, the deposit is a touch stronger for the month of december. the details show the manufacturing weakened slightly and its services strengthened slightly. they are overall still in negative territory. and we're seeing the euro/dollar respond a little bit to the downside. down about 0.01% trying to fight back into flat on the day. 130.75 is the level there. again, the services pmi is at 47.8. compared with the 47 that was expected. it's a five-month high. the manufacturing pmi, 46.1. the manufacturing all told, 46.3. that's a bit under the poll of 46.6. with more on the reaction to these figures, we have rob doddson with us. rob, welcome. it appears ta stronger services may be weaker on the manufacturing relative to expectations, at least, b
>>> hello and welcome to "worldwide exchange." ross westgate is away. i'm kelly evans. japan's central bank boosts assets by another $120 billion. boj says it will discuss raising its inflation target next month. tech stocks fall in europe after ericsson unveils a swedish crown writout related to its loss chip venture. >>> reports say the intercontinental call is in talks to buy euro next. >>> and vows to continue the current government's battle against japanese territorial claims. >>> japan's central bank has decided to extend its asset purchase program to $120 billion. it will review the bank's stance on price stability next month. abe has been putting pressure on the boj to raise its inflation target to 2% as part of efforts to fight deflation. for more on the fallout or the impact here, let's talk to luca from asia pacific. you look like you're in mourning here, but it sounds like the bank of japan has delivered pretty much what the market was looking for the. >> yes. it was delivered in order to be seen as losing independence after the campaign, very aggressive campaign
. >>> and japan's finance minister is saying other companies have no right to lecture japan on its currency policy instead calling for the u.s. to seek a strong dollar. >>> okay. welcome back to "worldwide exchange" this morning. let's take a quick check on trade as we close out the last full trading week of the year. not even a full week, but just one of the last trading weeks of the year. >> monday seems so far away. >> it's just kind of sticking out there, the 24th and 31st. european markets were closed for boxing day week. got back into trade yesterday. sort of a mixed bag across the board. u.s. markets were weaker and this morning europe is following the u.s. down that path. the ftse just a little bit lower. the xetra dax down by .1%. the cac 40 which was one of the strong performers yesterday giving up some of its gains. the ibex 35 underperforming. >> the penny stock not worth a whole lot so you have to take that into consideration. but yeah, drifting lower on the bond markets. today we have this italian debt auction which would be interesting. we've got rome offering somewhere in 2 to 3 bi
between the kurds centers on land and oil rights. now to japan where the prime minister designate is taking a tough line after his victory at the polls saying there can be no compromise over the island is at the center of dispute with china. china has reacted with alarm. beijing declared itself "ready to work with japan" and they expressed disquiet. >> the former prime minister vowed to put the japanese economy back on track after years of deflation made worse by a soaring currency that has squeezed japanese exporters. >> a landslide victory for the conservative ldp party. voters are putting their trust in his promise to get the economy back on track. >> the mission we have been given is to beat inflation and deal with the high yen and wall dealing with the economy and working to create more jobs. >> many voters were critical over the handling of the devastating earthquake, tsunami, and nuclear disaster. they say it was last eight support rather than a rejection of the outgoing premier. >> politics is all about the results. we have to take responsibility. the cause of this major d
>>> breaking right now, a major earthquake hits japan. >> a tsunami warning issued. severe shaking in the same area that was devastated by that tsunami back in 2011. we are live in tokyo with the very latest. >>> we get a critical snapshot of the economy this morning. when we'll learn if hurricane sandy also devastated the nation's job market. >>> incredible crash. a jewelry store gets a drive-through. an employee inches from a very different outcome. >>> and 24/7? is round-the-clock shopping the next trend in holiday retailing? one megadepartment store is betting on it. >>> good friday morning, everyone. we do begin with breaking news out of japan right now. a strong earthquake hit the northeastern part of the country this morning. and it has triggered a tsunami warning. >> the quake measured a 7.3. it was centered in the pacific ocean. it was strong enough to cause buildings to sway in tokyo for several minutes. abc's akiko fujita is in tokyo with the very latest by phone. high, akiko. >> reporter: you're right. this quake hit about 5:18 p.m. local time. this is the largest quake
live to japan straight ahead. >>> plus talk about your deadlines. today we are seven days from congress going on holiday and 25 days from plunging off the edge of the fiscal cliff. >>> the "new york post" photographer who took the picture of the man in the subway tracks before he was hit sits down to tell his side of the story. we'll hear from him this hour on cnn. good morning, welcome to "early start." i'm christine romans. >> and i'm zoraida sambolin. it is 5:00 a.m. in the east. breaking new's massive earthquake in japan. it happened off the coast of japan, about 300 miles northeast of tokyo you can see on the tower cam that we are going to buildings swayed for several minutes there. let's go to alex zolbert live in tokyo what can you tell us? >> this happened friday evening b an hour and a half ago. an unnerving scene. a 7.3 magnitude earthquake. as we understand it, this came along the same fault line that triggered that massive tsunami in march of 2011. we have been watching all the local stations, trying to gather all the information we can. here's what we know at this point in
strong quake that went on for about 90 seconds. >> major earthquake rocks northeast japan. >> the quake measured 7.3, centered in the pacific ocean. >> in the same area that suffered severe damage from a powerful quake and tsunami last year. >> the quake shook buildings as far as tokyo. >> fortunately, no major damage or injuries. >>> this morning the labor department says 146,000 jobs were added in november and unemployment fell to 7.7%. >> hurricane sandy did not have an impact on these numbers. clearly, you do have an improving situation here. >> the message we all want to send to members of congress is this is a solvable problem. >> we've only got 25 days until the fiscal cliff. >> according to "new york times," house speaker john ba boehner has asked democratic leaders to step aside so he and the president can negotiate a deal one on one, and no one is objecting. >>> the crisis in egypt remains volatile, with massive anti-government rallies planned today. >>> heartbreaking survival story for a woman stranded in the snow in the california sierra nevada mountains. >>> shoppers at a s
of "thunderbirds," has died at the age of 83. japan's new prime minister, shinzo abe, has named his cabinet. on foreign policy, he emphasized the importance of japan posting relationship with united states. relationship with united states. >> i spoke to president obama on the telephone the other day. we have agreed to work to rebuild our relationship. i acknowledge before stepping reinforcing our relations with the u.s. is our priority. as prime minister, i must protect our citizens lives with determination. right now, are fearful -- airforce are protecting our sea and sky around the island. japan's security is not someone else's program. it is the crisis we have on our hands. >> this is "bbc world news." mohamad morsi has welcomed the vote in favor of a new constitution and he has called on those who opposed it to join in a national dialogue. another army massacre in syria as another person the facts. seeing the army has deviated from protecting the nation. a fire has destroyed a fireworks or house in nigeria. it killed at least one person and injured many more. it quickly spread to other
in tokyo, as well, to assess what options the bank of japan really has. policy will not be dictated by market opinion. we'll take stock of britain's progress towards deficit reduction, this ahead of the chancellor's autumn statement. senior fellow for international economics. will the numbers live up to the expectations. meanwhile, over in ghi narks the mainland's factories are crank out more goods at the fastest pace in month. >> chinese factories appear to be recovering. the hsbc pmi, a private gauge of manufacturing, and the government's official pmi, both show a steady improvement for the industry in november. the hsbc pmi final reading came in at 50.5, the quickest expansion in over a year. the industry saw a pick up in new orders as well as stronger exports thanks in part to christmas demand. the concern is about the the unevenness of the recovery. the sub indices for employment as well as small and medium sized companies ticked downwards and that suggested to some that the recovery is mainly led by investment in state-owned enterprises. a bigger worry is about the outlook for
.3 magnitude quake hitting off japan in an area that does not neat incidents like these. new video buildings swaying and sirens wailing and men and women, children running for higher ground. a reminder of the massive quake and deadly tsunami hit the same area just about a year and a half ago. we'll drill down on that. good morning as we follow up as the earth started to shake earlier today. i'm bill hemmer. welcome to friday. martha: good morning everybody. i'm martha maccallum. last year's tsunami killed and left missing some 19,000 people. as you remember those unbelievable images we saw of the coast which was devstated. it also damaged nuclear power plants and created one of the worst nuclear disasters we've seen in history. bill: we held onto the story for a long time. japan today has canceled the tsunami warning which may be the best bit of news we heard so far. terrifying reminder may not be dismissed. david pipe every streams live out of southeast asia. what is the damage report in japan, david? >> reporter: bill, thankfully there hasn't been any serious damage reports. also no deaths
to southern europe. >> and then south korea's presidential election, yes, it's not just japan, and what to expect from the winner. >>> let's just plug you into where we are with this global market. more now on the global trading day in europe. 5-4 advances just about outpace decliners on the dow jones stoxx 600. most european stocks were up yesterday. the dax up 13 points. the dax, second highest close of the year, still up 27.5% for the year. right now, the ftse sound, the cac kron, closed at a fresh 52-week high. and the ftse is up 13 points despite falls from italian banks. let's show you where we are as far as the bond yields are concerned. we just check in. italian yields, 4.4% on the year. we'll show you the twos and tens, as well. i'll give you more on how that compares to where we closed yesterday. so the two-year, that's the low where we were yesterday. 10-year spanish yields, 5.581%. two-year yield, 2.35%, kind of where we were yesterday, too. and they're continue to go appreciateslide slightly from yesterday's close. as far as currency markets, 1.2880 was the two-week low on
cac up 11%. thailand up 43%. japan up 6%. year to date, the usa is up over 12%. that ain't bad. let's bring in our pal, jim iuor iuorio. you know, jim, it's turning out to be a very good year and it's turning out to be a very good year on a global basis. >> no doubt about it. but let's break it down. japan's stock market has rallied huge because of promise of liquidity injections and doveishness. the same thing can be said for europe and for the u.s. around the globe, everyone's squeezing interest rates and forcing money to seek yield wherever it can. it could have followthrough in japan. europe has run kind of far -- the market has chosen to believe that europe's problems are somewhat behind us. i don't really share that philosophy. but i think this move is interesting. >> but the european financial risk fear indicators look great. in fact, these financial indicators look great worldwide. i agree with you trat central banks are greasing the wheels. but in a very gloomy world, a very gloomy psychology where the worst case becomes the most talked-about case, at some point don't the m
.3 magnitude earthquake in japan. the quake striking off the northeastern coast but felt as far away as tokyo. japanese authorities say no problems are detoebgted at the nuclear power plants closes to the epicenter. it triggered a three foot tsunami in the same area devastated in last year's disaster. no deaths reported. more on this story out of japan coming up in a live report. jenna: right now brand-new stories and breaking news. jon: house speaker john boehner coming out on top. what was the intra party skirmish all about? we have the answers. a big seat to fill, they call him the king maker. conservative senator jim demint calling it quits who. will step in and what the change will mean for the next congress. if you're looking for an out of this world vacation, yes, you can have it literally, a trip to the moon for two, we are guessing it is all-inclusive, the whole story and the stunning price tag, all "happening now." good morning to you on this friday, the jobs numbers are in for november. i'm jon scott help the. >> reporter: i'm heather wheuld dreshelp the heather childress in nor je
, probably less so in europe and japan. but there will be a ripple effects. >> are you worried about it? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. and to have that player virtually flat, if not in recession, would be bad news for the rest of the world. we do not need that because recovery is fragile. we do not want to have this knock on affect on the fragile recovery. >> what would your message be to members of both parties on capitol hill as their negotiating? >> i would say focus on the real issue. the real issues for me are the supremacy of the united states and its leadership role in the world. the u.s. has an economic leadership in the world. it is a safe haven. to make sure -- the uncertainty has to be removed. if you have dealt with your own issues, and then you can help and advise, and then you can encourage. if you speak from a weak position, it is more difficult. >> you have warned about the risks of political games. what did you mean? >> please try to take a higher view and look at the broader hori
an example from mexico. >> first, some of the stories making news. japan has a new prime minister, voted in by the lower house of parliament earlier today. his liberal democratic party won by a landslide in polls earlier this month. he has vowed to introduce aggressive monetary policies and says he wants to revise japan's pacifist constitution. >> china has launched the world's longest high-speed rail route. the line between cities is almost 2,900 kilometers long. trains travel an average speed of 300 kilometers per hour, cutting travel time in half to just eight hours. >> floods in malaysia have forced more than 13,000 people to flee their homes. the floods have hit several states of the country's east coast. one woman died after slipping into a swollen river, and forecasters are expecting more rain to fall. >> china's leading producer of rare earth is attempting to shut down some plants in an attempt to stem falling prices. the group will keep some mines and factories closed until the end of january. >> rare earths are crucial in making a broad range of high- tech products. prices have
to be with you. i'm terrell brown. a strong earthquake hit northeastern japan this morning, the magnitude 7.3 quake struck in the early evening in the same area that suffered a powerful quake and tsunami last year. a tsunami warning has been issued. residents have been told to move to higher ground. the fukushima nuclear plant has not been damaged. the quake was felt as far south as tokyo. lucy craft is in tokyo. what can you tell us? >> reporter: no reports of damage or injury. it's still way too early. we have a tsunami warning. the tide is about three feet or two meters or one meter, i should say. very interesting, this time the warnings came very fast and furious. the announcer was yelling at people to get to higher ground. big difference this year. >> we were watching in our newsroom as the alerts came in. what did you feel, what did you experience there? was it anything noticeable? >> i was talking to someone on the phone and she said she should get off the phone, this is a big one. my windows were rattling. my pictures, i thought i was going to have to grab them before they fell off.
the americans. they didn't do that. host: how much did winston churchill expect japan to get into the war? guest: one of the things, in doing this, i had to lock at what is he interested in? what is in his head. try to place churchill in his tim times. he was interested in norway, sumatra, not japan, not the pacific. his knowledge of the geography, the politics, the military situati situation, was not there. and he admits in his memoirs in order to imagine a picture of a theatre of war or what have you, you have to have some knowledge to let your imagination run three. and he didn't and he admitted that and he paid dearly for it. he thought the japanese were a meek race who couldn't see well, couldn't shoot straight in an airplane, were bad fighters, would never have the tim merchantity to attack the british empire. and he people that. they will not attack us. how could they possibly contemplate that. host: what was his reaction when the japanese bombed pearl harbor? guest: that he just won the war. host: that was december 7, 1941. here he is in front of the congress joint session on the day aft
finance minister. >> reporter: the parliament of japan has elected shinzo abe as the country's seventh prime minister in six years. abe was sworn in today after being chosen by his conservative-leaning liberal democratic party. the party won power in this month's elections, for the first time since 2009. abe has called for bold measures to bolster japan's ailing economy. he previously served as prime minister from 2006 to 2007. russian lawmakers gave final approval today to a ban on americans adopting russian children. it's part of a series of reactions to a u.s. sanctions law targeting russian human rights abusers. in washington today, a state department spokesman called the ban misguided. and adoption groups in moscow said it would harm children most. >> ( translated ): today we don't have that number of russian families who are willing to adopt, and the children who go to adopted families abroad are the children that russian families wouldn't take. there must be at least five refusals by russian families for the child to go to foreign parents. for that reason i don't see within this
in japan. the country was rocked by a powerful 7.3 magnitude earthquake. it hit off the coast of tokyo. the buildings there shaking. you could see some of the video showing the degree to which they were shaking. alex, what's the latest? >> reporter: it has been a very, very tense few hours here in japan after you mentioned a 7.3 magnitude earthquake striking late here in the day on friday. but just in the past 90 minutes or so, the all clear has been given. the tsunami warning has been lifted. that's great news for the people here. there's no signs of any significant damage. no reports of any deaths. just a few injuries at this point. we also have to keep in mind the nuclear power plants. we have heard from the operator of those. they say everything is fine. but as you mentioned, this brings back very painful memories up for the people in the region in northern japan. we were on the phone with one person who said when this earthquake hit, their first reaction was ohno, not again. but it's late here on friday in tokyo where we are. everything appears to be fine. just one wave came ashor
is supposed to be about the same. it will go to the south korea, china and japan in anticipation of that, japan today, deploying surface-to-air missiles, radar ships and troops just in case this thing goes off course, martha. martha: we've seen these sort of rattling of sabres before. we've seen some of these attempts fail over the ocean but you never know when they will be able get this right. so the diplomatic reaction to all of this, what is the pushback, greg? >> reporter: as you can imagine the reaction has been strong and negative in. in seoul, south korea ambassadors from that country, from united states, japan, russia, china, meeting with foreign ministry officials. japanese prime minister says we strongly call on north korea to refrain, a little bit of backtracking from china today. in their official media they are saying that perhaps the concerns are exaggerated. all this seems to be a chance once again for the new young leader of north korea, kim jong-un to burnish his image. two weeks from today on december 17th, it is the first anniversary of the death of his father kim jong
it will be a concern. we have thousands of troops stationed in japan and korea. there is talk of being able to reach los angeles or the western coast. no north korean test so far has reached that near abroad. bill: what would korea want to prove with this launch? >> always dangerous to try to climb into the mind of a north korean leader. but there would have to be a domestic component to the situation. there are important elections taking place in japan on the 16th and south korea on the 19th of this month. well within the range of this test that is scheduled to come in the coming days. influencing their neighbors and influencing politics and testing new ground with what would a second-term approach be with obama. bill: this is what we believe to be the ultimate range. 5,000 to 6,000 kilometers. 3,700 miles. china to the west here. in japan well within range of north korea were to be successful in developing this launch mechanism. here is hawaii. that's outside the range of the 6,000 kilometers. the question then begs how realistic is it that north korea would be a threat to the united states? >> th
. japan's new prime minister making a stunning comeback. >>> as the sound of gunfire rings out in syrian neighborhoods, the country's military police chief has reported defected to the other side. ng. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. >>> in syria the military police chief has defected from president assad's government. this video shows a man identified as the official. i want you to take a listen. >> tra
the crash. >>> investigators in japan think they may have found the cause of a deadly tunnel collapse. they say a bolt that was holding concrete panels to the tunnel ceiling may have rusted through. at least nine people died. five of the victims were found in their crushed van. now there's an emergency inspection of dozens of other similar tunnels all across japan. here's abc's akiko fujita. >> reporter: grainy surveillance video inside the tunnel showed the frantic efforts to save those trapped. japanese police say these large concrete ceiling panels as many as 150 came crashing down, sparking a fire on this major highway connecting tokyo to central japan. witnesses describe a scene of chaos as people ran to safety. flames and smoke billowing through the 3-mile-long tunnel. one truck driver trapped under the rubble called for help. but there was so much smoke, fire fighters had to halt rescue efforts fearing another collapse. late sunday, rescue crews pulled the charred remains of several bodies, including the truck driver. investigators say the tunnel had just passed a routine inspe
. to shame the americans. they did not do that. >> how much did winston churchill expect japan to get into the war? >> one of the things in doing this, i had to look at what is he interested in? what is in his head? he was interested in norway, sumatra, not japan, not the pacific. his knowledge of geography, the politics, the military situation was not there. he admits in his memoirs in order to imagine a picture with a theatre of war or what have you, you have to have some knowledge, not let your imagination run free. he thought the japanese were a meek race, and a lot of the brits and the americans thought could not shoot straight, were bad fighters, would never have the temerity to attack the british empire. and he told people, they would never attack of ask. how could it come to that? >> and what was his reaction when the japanese bombed pearl harbor? >> that he had just won the war. he knew what that meant. >> here he is before congress the day after christmas 1944. >> wounds have been inflicted upon the nazi tyranny which have bitten deep and will fester and inflame, not only in
japan and those in southeast asia, creating a major security risk drawing them and the u.s. into a potential conflict. rebecca. >> anna werner, thank you. now to egypt. president mohamed morsi said tonight the country will vote december 15 on a new constitution. the draft document and the president's new powers brought egyptians back to the streets today. holly williams is in cairo tonight, and good evening to you, holly. >> reporter: good evening. well, tens of thousands of president morsi's supporters took to the streets today, but it follows days of protests by his opponents, who accuse mr. morsi of behaving like a dictator. last week, the president gave himself broad new powers that he says he needs until egypt has a new democratic constitution. the panel writing that constitution rushed to finish a final draft on friday working through the night. but the panel is dominated by mr. morsi's islamist allies. and the final draft includes a bigger role for islamic sharia law and empowers the state to protect morals. but there's no specific guarantee of equality for women,
. martha: how different than what happened with japan in the '80s. seems like they owned every building in new york. >> back in the '80s and very early '90s japan actually overpaid. they bought the pebble beach golf course in california and bought rockefeller center in new york. various other properties and paid huge dollars for them and lot of their shirts. this time around with china is not the case. you can't say they're paying a lot of money for aig's plane leasing business or a123. martha: stuart, thank you. see you coming up on the business channel. bill: here is the question for you. how much american debt does china actually own? as the largest foreign owner of u.s. debt it owns more than a trillion dollars in treasury securities. china's holding of u.s. debt has increased 56% over the course of the obama presidency which comes out to about $400 billion more. it has bought or invested in more than $15 billion in more than 100 u.s. companies going pack to january of 2010. that is influence. martha: new numbers raising fresh concerns here at home about our economy. the u.s. consum
or medicine, physics, chemistry, and economics went to eight winners from the u.s., japan, france, and britain. >> the nobel prize for economics was jointly awarded to allan ross and lloyd shapley for their work on matching supply and demand -- alvin roth and lloyd shapley for their work on matching supply and demand. 89-year-old lloyd shapley, professor emeritus at the university of california, received a standing ovation. >> while the eu is celebrating winning the nobel peace prize, one of its largest member states has been plunged into crisis. >> first data appeared that italy was facing the prospect -- first, it appeared that italy was facing the prospect of uncertainty as mario monti appeared to be on the prospect of resigning. that pushed the stock market into a downward slide. >> in the last couple of hours, prime minister mario monti has come out and said he is not planning to step down in the near future after all, and that the nervous reaction in the markets should not be dramatized. >> investors are already nervous about what mario monti's early departure could spell for the eurozon
, a manga from japan, a lot of boys are into. >> what is the storyline. >> about a guy trapped in a hotel room for 15 years and afterwards is given a few days to figure out why he was trapped in the hotel room or he will be killed so it's a psychological thriller, it's very strange, it's different, and spike lee had a huge hit with "inside man" so he knows how to do thrillers. this could be a big hit for him. we have to wait and see. >> for people like me still catching up on the movies of 2012, if you had to pick the top five say that you should try to see not before the end of the year but maybe before the end of january, before the oscars, what should you try to see? >> definitely "the sessions." it's a helen hunt movie and it's a little bit controversial. there's a lot of nude nit it but it's a touching film about a man who is sort of, can he barely move, and he wants to sort of experience sexual relations for the first time and enter helen hunt and it's in her role in the film is much buzzed about and i think it's worth seeing, i'd say "les mis," hugh jackman does a terrific job in t
's oil fields direct access to key markets in japan, south korea, taiwan, the philippines, and the usa. >> after six years of construction and around 21 billion euros, the pipeline is complete. russia hopes it will be able to expand sales into the u.s. market. it also wants to sell more into southeast asia. the pipeline goes 2,700 kilometers. oil has been flowing from there to china since 2010. now, the final section has been completed. from there, it can be shipped out. until now, the oil was transported along this last leg by train. that had a limited capacity of 15 million barrels of oil per year. the new pipeline can carry three times that amount. it is part of russia's plan to reduce its reliance on europe, which currently buys about 87% of the country's oil exports. during price talks with europe, russia has also -- often said it would seek other buyers and focus more on asian buyers. >> china's biggest producer of so-called rare earths has suspended output at some of its plants for another month as part of an effort to push up prices. >> rare earths are a group of elements cruci
news out of japan. a strong 7.3 earthquake has struck off the country's northeast coast beneath the sea bed. it shook buildings as far as tokyo and warnings were issued for miyagi prefecture. there's no risk for a widespread tsunami. we'll bring you the very latest. >>> elsewhere, all eyes are on cairo this morning as turmoil has once again overtaken egypt's capitol, this time in response to a political explosive power grab by the president, mohammed morsi. right now army tanks surround the presidential palace as thousands of protesters shout topple the regime, the same chant heard during the regime of hosni mubarak. in a tv show morsi said absolute powers he granted himself will expire with a vote on december 15th but that did little to silence his opponents who plan a million man march in cairo's tahrir square. >>> at a university in dublin hillary clinton called for dialogue to ease the unrest in egypt. >> we call on all the stakeholders in egypt to settle their differences through discussion and debate, not through violence. >> clinton also called on egypt's leaders to protect the c
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and nuclear weapons. it will result in weapons ownership. look at europe. look at japan. look at the rest of the world. we are way, way out there. we have the highest murder rate in the world. it hasn't protected us. it has resulted in arguments that should have a consequence of maybe a slap in the face, resulting in a bullet through the heart. it results in a double-murder in this case, a murder/suicide. guns don't protect. they cause suicide. >> let me bring in -- >> they cause suicide? >> i can promise, i'll get back to you, carol. here is what they say to me. i've had it all. but trying to get a debate going. i've been on two years on cnn. in that time, there's been a series of gun rages. each time it is the same debate and nothing gets done about it. 300 million guns and you have between 11,000 and 12,000 guns and murders a year. by comparison, britain has 35 as does germany and australia. japan has one or two. to countries that have strict gun control have very little gun murder. what do you say to americans who say it makes me feel safe? >> i think carole had it right. she said it
of china, japan, south korea, so what is your feeling, what is meant to have been. did you ask the u.s.. the ec, the south china, the sea of japan is in the 50's, 60's and 70's, all of these countries were internally focused. they were developing their own economies, their own national capacities, you know, their own military is. they're coming on line as a significant power in the 1970's, and it was under him that developed into a significant power. what's happened now is all these countries have developed. and because they have developed, they now have the ability to project power around words into the blue territorial soil that they claim. they didn't have this capacity before. so now we are seeing conflicts about islands in the geographical features that are below water and high tide that we never saw before. people say has everyone gone crazy in east asia? no, every once developed, and now they have military's command there's a conflict in -- and they've developed the navy and air force and there is this conflict and -- there's a conflict of for the geographical space. it's a ba
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